Magnificent 7 concentration risk is worrying

In Paris, we speak with Amélie Derambure Multi Asset Manager Amundi about the past year on the stock exchange and also look ahead. Derambure expects limited growth for the stock exchanges. She rules out interest rate increases for this year. The concentration risk in the US, where a handful of shares have an enormous market capitalization (the so-called Magnificent 7 with shares such as Meta, Apple, Amazon, Tesla, Microsoft and Nvidia) is worrying. Diversification is immediately limited as a result. In addition, the valuations of the large American companies are already considerable. Gold is also mentioned as an attractive diversification factor.